Quick Books Online for construction companies. A great tool to grow your business
If you are the owner of a construction company and are searching for a dependable and effective method to handle your company’s finances, you may find that QuickBooks Online is the answer you’ve been looking for.
QuickBooks Online, which comes with a variety of features that have been developed expressly to meet the requirements of the construction industry, can be a useful addition to your construction company as it can help you streamline your accounting processes and get a better handle on your finances.
QuickBooks Online has many features that help construction business owners save time and effort on their bookkeeping routine, and here’s a list of my favorite features that I and my clients use:
Create and track estimates
One of the key features of QuickBooks Online for construction companies is the ability to create and track estimates and proposals. You can make detailed estimates for your customers quickly and easily, including line-item descriptions and prices, and you can also keep track of the status of these estimates as they move through the sales process. This helps you stay organized and makes sure you get all the money you’re owed.
Track your job costs
In addition to estimates and proposals, QuickBooks Online also allows you to track your job costs in real time. You can create budgets for each of your projects and then track your actual costs as you incur them. This helps you stay on budget and avoid costly overruns.
Manage all of your subcontractors and vendors in one place
QuickBooks Online also includes a range of tools to help you manage your subcontractors and vendors. You can create and track purchase orders, pay bills, and even set up automated payment schedules to ensure that you stay on top of your obligations.
Track and manage your inventory
Inventory tracking and management is another useful feature of QuickBooks Online for construction companies. You can set up inventory items, track your quantities on hand, and even set up alerts to let you know when it’s time to reorder.
Finally, QuickBooks Online includes a range of reports and dashboard tools to help you get a better understanding of your financial performance. You can view real-time reports on your income and expenses, track your profitability, and get a better handle on your cash flow.
Overall, QuickBooks Online is a powerful and feature-rich accounting solution for construction companies. Whether you’re a small business or a large corporation, QuickBooks Online has the tools and features you need to manage your finances effectively. So, it could be a great choice for your construction company.
If you want to learn more about QuickBooks Online for construction companies and its features in detail, you can watch a video I’ve created to help contractors get familiar with the system!